{"id":10464,"date":"2017-06-01T07:49:41","date_gmt":"2017-06-01T12:49:41","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10464"},"modified":"2017-06-01T07:49:41","modified_gmt":"2017-06-01T12:49:41","slug":"before-the-open-jun-1-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10464","title":{"rendered":"Before the Open (Jun 1)"},"content":{"rendered":"

Good morning. Happy Thursday (is it really Thursday already).<\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan, Honk Kong, Taiwan, Indonesia, Singapore and Philippines did the best; China lost ground. Europe<\/strong> is currently mostly up. The UK, France, Greece, Finland, Hungary and Italy are leading; Russia is down more than 1%. Futures in the States<\/strong> point towards a positive open for the cash market. <\/span>
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\n The dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are down. <\/span>
\nPremarket movers<\/strong> from thestockmarketwatch.com…<\/span>
\n\"\"
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Goodyear Tire (CTB +0.14%) rose nearly 5% in pre-market trading after it was upgraded to ‘Overweight’ from ‘Underweight’ at Morgan Stanley with a price target of $52.<\/span>
\n Illinois Tool Works (ITW +0.09%) climbed over 2% in pre-market trading after it was upgraded to ‘Buy’ from ‘Sell’ at Goldman Sachs with a price target of $155.<\/span>
\n Flour (FLR -0.38%) was upgraded to ‘Buy’ from ‘Neutral’ at D.A. Davidson & Co with a 12-month target price of $55.<\/span>
\n Palo Alto Networks (PANW +1.36%) rallied 13% in after-hours trading after it reported Q3 revenue of $431.8 million, better than consensus of $411.87 million, and then said it sees Q4 adjusted EPS of 78 cents-80 cents, higher than consensus of 74 cents. Proofpoint (PFPT -0.74%) rose 2% and FireEye (FEYE +0.20%) and Fortinet (FTNT +0.49%) both climbed over 1% in after-hours trading on the news.<\/span>
\n Semtech (SMTC +2.83%) dropped 3% in after-hours trading after it reported Q1 net sales of $143.8 million, below consensus of $146.17 million.<\/span>
\n Box Inc (BOX +0.70%) climbed over 4% in after-hours trading after it reported Q1 revenue of $117.22 million, better than consensus of $114.92 million, and then raised its view on full-year revenue to $502 million-$506 million from a prior view of $500 million-$504 million.<\/span>
\n Caesars Entertainment (CZR -1.35%) was initiated with coverage at Oppenheimer with a recommendation of “Outperform” with an 18-month price target of $15.<\/span>
\n Hewlett Packard Enterprise (HPE -0.21%) slipped 2% in after-hours trading after it reported Q2 revenue of $9.9 billion, below consensus of $10.1 billion.<\/span>
\n Callon Petroleum (CPE -3.66%) gained almost 1% in after-hours trading after it amended and restated a credit pact for its secured revolving credit facility that boosts the borrowing base by 30% to $650 million.<\/span>
\n Minerva Neurosciences (NERV -3.51%) surged 15% in after-hours trading after it said it had amended its pact with Janssen Pharmaceuticals for the MIN-202 drug to treat insomnia were Minerva now has global strategic control over the development of MIN-202.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n Hewlett Packard Enterprise (NYSE:HPE) -1.1% AH on in-line results.
\n Palo Alto Networks (NYSE:PANW) +11.9% AH with strong guidance.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n Auto Sales
\n Chain Store Sales
\n 7:30 Challenger Job-Cut Report
\n 8:00 Fed’s Powell speech
\n 8:15 ADP Jobs Report
\n 8:30 Initial Jobless Claims
\n 8:30 Gallup Good Jobs Rate
\n 9:45 PMI Manufacturing Index
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 ISM Manufacturing Index
\n 10:00 Construction Spending
\n 10:30 EIA Natural Gas Inventory
\n 11:00 EIA Petroleum Inventories
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\nOther<\/strong>…<\/span>
\ntoday’s upgrades\/downgrades<\/a> from briefing.com<\/span>
\nthis week’s Earnings<\/a><\/span> from Morningstar
\nthis week’s Economic Numbers\/Reports<\/a><\/span> powered by ECONODAY<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Thursday (is it really Thursday already). The Asian\/Pacific markets closed mostly up. Japan, Honk Kong, Taiwan, Indonesia, Singapore and Philippines did the best; China lost ground. Europe is currently mostly up. The UK, France, Greece, Finland, Hungary and Italy are leading; Russia is down more than 1%. Futures in the States point […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10464"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10464"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10464\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}